Question 5012 of 287 · Texas Life, Accident and Health Agent Exam
A flexible spending account (FSA) is
Exactly one answer is correct.
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Correct answer to question 5012
- D: an employer-established account funded by employee salary reductions for eligible medical or dependent care expenses
Explanation
FSA contributions are made pretax and generally follow a use-it-or-lose-it rule, subject to a limited carryover or grace period. The employer owns the plan.
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